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Oryx is pleased to announce that it has acquired a c.5-acre freehold site in Milton Keynes, UK, to develop a 110,000 sq ft best-in-class logistics facility. The asset is strategically located in a prime South East logistics hub, halfway between London and the Midlands with direct access to the M1, where demand amongst distribution and manufacturing tenants remains robust.

The investment aligns with Oryx’ logistics focused investment theses, which seeks to capitalize on steadily growing occupier demand for modern small- to-mid sized logistics properties meeting modern requirements. Current market dynamics also allows investors to benefit from the recent stabilisation in land values, which has halved from its peak in certain locations, enabling an attractive entry point for development.

Guy Pickup has joined the firm as an Asset Manager. Prior to joining Oryx, Guy spent 9 years at British Land. Guy is responsible for the active management of the current portfolio and provides asset related technical input to investment underwriting. Guy is a member of the Royal Institution of Chartered Surveyors (RICS).

Amani Hussain has joined the firm as an Investor Engagement Manager. Amani has previous experience in investor relations roles and started her career at PwC. Amani focuses on the firm’s corporate communications and client services.

Rafael Meyer-Schmidt has joined the firm as an Analyst Intern. Rafael is currently studying towards a Masters degree in Finance and Law at the Queen Mary University, alongside a Master of Laws (LLM) degree at the University of Copenhagen. He has previous work experience as a Legal Trainee at Accura, a Copenhagen based law firm.

Oryx is pleased to announce the acquisition of Kirkgate, a recently refurbished multi-let office building in central Epsom. The freehold property, acquired at below replacement cost, comprises 26,109 sq. ft. over ground and three upper floors and is fully let to six tenants.

Kirkgate is the fourth building in Oryx’ Greater London office portfolio, adhering to the firm’s strategy of acquiring multi-tenanted newly refurbished assets, or assets with refurbishment potential, in Greater London and the South East that are well positioned for occupational demand and capital value growth. In line with the targets of this portfolio, Kirkgate has already achieved an EPC rating of “B” and has proven its resilience in a post-Covid occupier world with close to half of current lease income signed during the pandemic.

Oryx are delighted to announce the refinancing of the 3 Bunhill Row investment with a sharia-compatible debt facility provided by Riyad Bank. The five-year facility, amounting to c.£64m, enabled equity to be crystallised and provides long-term stability for the asset. Oryx are looking forward to working closely with Riyad Bank and are actively seeking to acquire further assets in Central London and across the UK.

Oryx Real Estate Partners (“Oryx”), together with Trinova, have successfully refinanced the Greater London portfolio (Helios Court in Hatfield, Centrium 2 and Centrium 3 in St Albans) with a sharia-compliant facility provided by Ahli United Bank (UK) PLC. The refinancing optimises the capital stack and enables a considerable portion of equity capital to be returned to the investors. Oryx are looking forward to working closely with Ahli United and are actively seeking to add to this portfolio of well-situated and well-let office properties in and around the Greater London area.

On behalf of one of its deal-specific funds, Oryx has acquired the shares in the company owning 3 Bunhill Row, a freehold office property fully let to the international law firm Trowers & Hamlins.

3 Bunhill Row was developed by Helical Bar and comprises c.101,500 sqm of office space across lower ground, ground and seven upper floors. The freehold property is in a prime location, close to Moorgate station, between the Cass Business School and Slaughter and May’s offices. It is fully let to Trowers & Hamlins on an FRI-basis until January 2031. The investment forms part of Oryx’ income strategy but has asset management potential in the medium- to long-term.

Oryx together with Trinova have completed the acquisition of Centrium 2 and Centrium 3 located in St Albans, as part of Oryx’ Greater London diversified office strategy.

Situated just off the high street and opposite the open green spaces of Verulamium Park, the building benefits from a wide range of amenities, including great transport connections. Centrium 2 is wholly let to Premier Foods PLC, whilst Centrium 3 is wholly let to Skechers UK, and both buildings serve as headquarters for the respective occupiers and comprise a total of over 47,000 sq. ft. of office space.